Key Market Indicators
Consumption of soybeans in Ethiopia is expected to reach 2 million metric tons by 2026, down 24 percent from 2021. In 2021, Ethiopia ranked 33rd in the world for soybean consumption, lagging behind Laos who consumed 9 million metric tons. Vietnam, Japan, and Pakistan ranked second, third, and fourth respectively. Production of soybeans in Ethiopia is set to rise 3.4 percent in 2026 to nearly 179 thousand metric tons, up from 146 thousand in 2021. Since 1998, production in Ethiopia has grown 12 percent annually. In 2021, the country was 32nd in the world in terms of production, with Myanmar overtaking it. The United States, Argentina, and China were the top three producers.
